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money people deal

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form the team that will run and operate the business. They often represent the management and the technical knowledge of the business.

The third ingredient required to start a business is the deal. Deals can be real estate properties, traditional businesses, patented gadgets, Internet businesses, etc. For the purpose of this book, we will focus on real estate as the deal, but keep in mind that a deal can be any business that makes money. In many ways, a good deal is the most valuable part of the business, especially if it’s proprietary or hard to find. A good deal can be like a magnet, quickly attracting the people and the money to get the deal done. In contrast, a bad deal can be impossible to fund.

Money, People, Deal is the game of entrepreneurship, and it has the highest rewards out of any game for those who know how to play. An entrepreneur who can assemble Money, People, and Deals will enjoy the highest returns possible while making his investors rich.

MONEY, PEOPLE, DEAL—

Rules of the Game

1)

The rules are simple: those who can obtain two of the three pieces required to assemble a business will get the third. For example, if you have the Deal and the People, the Money will come every time. I have never had a deal fall apart because of lack of funding.